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08-20-2013 06:53 PM
My rehabbed loans were picked up by AES (via Suntrust) last August. Decent website and no issues but I've had no difficulty making the payments.
08-21-2013 05:16 AM
08-21-2013 05:37 PM
That's good to hear thanks! Did they backdate the new loan to the date the original was opened and show OK payments during that time on your credit report? Any problems getting them to fix your credit baddies?
Yes, backdated to original loan disbursement, but not the full history of payments. Just for the time after Suntrust bought them. My collection record and preceding delinquency was removed when I rehabbed so I did not need to contact AES/Suntrust to do that.
10-23-2013 07:46 AM
The bad: I'm working on this now. I was originally told that if I made a payment of $500 it would prevent a 'collection' from being put on my credit report. Literally less than a week later it showed up! lol.
Nonetheless, I didn't pay anything for like 5 months because I was so tilted by the situation.
The good: After that time was up I decided to pick up the phone and give them a call and let them know I want to start paying these again, but I need the collection removed. I went through several CSR reps before getting ahold of somebody who understood what I was trying to do (other CSRs were just trying to get payment). A couple forms later. I'm now set and I'm on the rehab program. I've only been on it for four months or so. I believe it's after six months or so they send you additional information and then a few months after the debt is settled they end up removing it.
So to answer your question -- Yes, I'm on the rehab program now, but I'm to early in the stages to know if it actually works yet!